Kalana Ispat Limited

About the company

## **About  Kalana Ispat Limited** Incorporated in October 2012, Kalana Ispat Limited stands as a prominent entity in the steel industry, specializing in the production of M.S. Billets and Alloy Steel Billets across a variety of grades. The company's manufacturing facility is distinguished by its adherence to international standards of quality management, ensuring that every product meets rigorous benchmarks. This commitment to excellence underscores Kalana Ispat's reputation as a reliable supplier of high-quality steel billets, integral to various industrial applications. The company operates through two primary segments: the Sale of Products and the Sale of Services. In the Sale of Products segment, Kalana Ispat Limited not only manufactures and sells its own steel billets but also engages in the trading of related goods such as iron scrap, iron ore, and ingots. This dual approach allows the company to leverage its manufacturing capabilities while also participating in the broader steel market, catering to diverse customer needs with both proprietary and traded materials. In addition to its product sales, Kalana Ispat Limited offers job work services, capitalizing on any spare capacity in its manufacturing operations. This segment involves casting M.S. Billets and Alloy Steel Billets on behalf of client companies. Here, clients provide the raw materials, while Kalana Ispat handles the casting process and charges for its service. This strategic use of spare capacity not only maximizes the efficiency of the company's operations but also provides a valuable service to other industry players, further enhancing its role in the steel production ecosystem. Kalana Ispat Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives: 1. Capital Expenditure for Installation of 4 MW DC & 3.5 MW AC Ground Mounted Solar Power Plant - TPSAT Structure . 1. Capital expenditure for setting up of rolling mill at Survey No. 4/1 Taluka Sanand, Mouje Kala village, Ahmedabad by construction of the industrial shed, purchase of equipment/machineries, other assets etc. 1. General Corporate Purpose

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   19 Sept 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   23 Sept 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   21 Sept 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   25 Sept 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   24 Sept 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   26 Sept 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.